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BA Deere
Honored Advisor

$6425

160 Acre Freeborn County Land Auction Saturday April 7th @ 10:30 AM London Township Hall, London MN. (London is 6 miles west & 3/4 mile north of Lyle, MN) SW ¼ of Section 14, London Township, Freeborn County, Minnesota 14-101-19 160 deeded acres w/ 154 ± tillable acres CPI of 68.9 zoned agricultural current 2018 real estate taxes $4,410  * Note: current taxes are with full Homestead reduction of 50% * Strip till fertilizer applied and ready to farm for 2018 corn crop! Farm is pattern tiled! Farm is located: from north side of Lyle MN - 7 miles west on 110th street to 890th Ave then 2.5 miles north. Google address is 13212 890th ave, Glenville MN Wetland Determination: No official wetland determination has been done * Buffer Strip: New owner will be required to install a buffer strip along drainage ditch in accordance with SWCD *
 
Seller: Thomas F. & Linda E. Lorenzen Trust Real Estate Terms & Conditions The terms of the sale are cash. $75,000 deposit of certifiable funds (non-refundable) day of auction when successful bidder will execute a standard real estate contract. Remainder of purchase price due at closing in approximately 30 days. Total sale price will be arrived at by multiplying bid times 160. Land can be farmed by new owner in 2018. Sellers will pay deed tax and provide a trustee's deed at closing. The Buyer will pay all real estate taxes and installments of special assessments paid therewith, if any, due and payable in 2018. The property is being sold “As is where is”. Legal details, down payment and closing handled by the law firm of Goldman, Sturtz & Halvorsen of Albert Lea, Minnesota. Statements the day of the auction will take precedence over all prior communication, written or oral. The information gathered for this brochure is from sources deemed reliable, but cannot be guaranteed by auctioneer or seller. All acres are considered more or less. Buyer is responsible to perform their own due diligence in regard to value and fitness of property. Frank Fox Auctioneer: 641-420-3243 Tom Lorenzen Owner (call after 4pm): 507-383-1744 MN Auctioneer license #50-121

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2 Replies
elcheapo
Senior Advisor

Re: $6425

High or cheap ?
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BA Deere
Honored Advisor

Re: $6425

It`s a tad sandy, a lot of hog setups in the area, so it definitely is needed for some to apply manure.  In my estimation, one year ago it would`ve brought $2,000 more.   I don`t want to say much about this, being as real names are involved.  But there are more land sales this spring, let`s say tight hands are loosening their grip.   There are cases where the banker says "we`ll go along with you on a operating note, if you sell a 80 or quarter".  Now if this was a couple years ago, some of today`s sellers might`ve been bidders.

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